Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) Stock Passes Below 50-Day Moving Average – Here’s What Happened

Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $4.97 and traded as low as $4.82. Virtus Stone Harbor Emerging Markets Income Fund shares last traded at $4.86, with a volume of 83,065 shares changing hands.

Virtus Stone Harbor Emerging Markets Income Fund Stock Performance

The company has a 50-day moving average of $4.97 and a 200-day moving average of $5.16.

Virtus Stone Harbor Emerging Markets Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, March 28th. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 14.81%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. J.W. Cole Advisors Inc. raised its stake in Virtus Stone Harbor Emerging Markets Income Fund by 148.7% during the third quarter. J.W. Cole Advisors Inc. now owns 174,254 shares of the company’s stock worth $913,000 after acquiring an additional 104,181 shares during the period. Wedbush Securities Inc. grew its holdings in shares of Virtus Stone Harbor Emerging Markets Income Fund by 8.8% during the second quarter. Wedbush Securities Inc. now owns 222,180 shares of the company’s stock valued at $1,171,000 after purchasing an additional 17,977 shares during the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of Virtus Stone Harbor Emerging Markets Income Fund during the 3rd quarter worth approximately $86,000.

About Virtus Stone Harbor Emerging Markets Income Fund

Virtus Stone Harbor Emerging Markets Income Fund is a closed-ended fixed income mutual fund launched and managed by Stone Harbor Investment Partners LP. The fund invests in the fixed income markets of emerging market countries across the globe. It primarily invests in sovereign debt obligations, corporate debt securities, structured notes, convertible securities, securities issued by supranational organizations, floating rate commercial loans, and securitized loan participations.